Homes for sale - 5846 Woodman Ave, Van Nuys, CA 91401

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Naomi Kalkanoff

naomi.kalkanoff@engelvoelkers.com +1(310) 418-8546

$ 2,995,995

Est. payment -/mo

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Active

5846 Woodman Ave Van Nuys, CA 91401

16 Beds

10 Baths

9,876 SqFt

UPDATED:

10/22/2024 09:19 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,876 sqft

Price per Sqft $303

MLS Listing ID 24-413159

Bedrooms 16

Year Built 1952

Lot Size 0.299 Acres

Property Description

Investment opportunity of a 10-unit building located at 5846-5850 Woodman Avenue, Valley Glen, CA. Offered at a current 7% Cap Rate/10.48 GRM with 96% upside in rents! ONE (1) move in ready units may be delivered VACANT at the close of escrow. This property consists of two buildings with a mix of (4) 1-Bedroom/1-Bath and (2) 2-Bedroom/1-Bath (2) 3-Bedroom/1-Bath and (2) Townhouse style 2-Bedroom/1 1/2-Bath units with a combined 9,876 square feet of rentable space on a combined 13,029 square foot lot across two separate APN's. Built in 1952, this complex offers an on-site laundry room along with (4) double-car and (2) single-car enclosed garages for a total of 10 spaces behind the building. Permits paid for and in hand to convert all the garages into Four new 2bd 1ba ADU units which will be provided to the buyer. The current cap rate is 7% with a Pro-forma cap rate of 15.86%/5.37 GRM. In addition, all units are separately metered for gas and electricity and are equipped with either wall-unit A/C and Heat, Central A/C (two townhouse-style units) or mini split systems. E-Mail LA1 for set up sheet and showings.

Location

State CA

County Los Angeles

Area Valley Glen

Zoning LARD1.5

Rooms

Other Rooms Accessory Dwelling Unit, Other

Interior

Heating Natural Gas

Cooling Wall/Window

Equipment Garbage Disposal, Range/Oven, Refrigerator

Laundry Community

Exterior

Parking Features Detached

Garage Spaces 10.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by ARLO Real Estate Advisors

Naomi Kalkanoff

Agent

+1(310) 418-8546

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